Information required for your annual report This is for Charities not subject to full Audit
This information is required in order for you to comply with reporting requirements under the Charities Act. Please write your responses exactly as you want them to appear in your accounts. Use your mouse or tab key to move from grey box to grey box to complete this form. Once completed, save it and email it back to us. This is your chance to tell people what you do. Feel free to write as much as you like and we will put this into the report and accounts.
Group’s full name: Beeston Community Resource CIO Other names by which you are known: Middle Street Resource Centre The main contact address for the organisation: Middle Street Resource Centre, 74 Middle Street, BEESTON, Nottinghamshire NG9 2AR Your charity registration number: 1160885 And (if applicable) Your company registration number: n/a
Names of all current trustees, (directors)
| Name | Start date if not serving since the start of this accounting period **dd/mm/yy ** |
Office held (if applicable) |
|---|---|---|
| Duncan Mitchell | Chair of Trustees | |
| Sylvia Stephens | Trustee | |
| Chris Taylor | Trustee | |
| Mar7n Brasier | Trustee | |
| Val Curry | Trustee | |
| John Chambers | Trustee | |
| Nick Aus7n | Trustee | |
| Craig French | 29/09/2023 | Trustee |
Names of other trustees, (directors) who have served during the period covered by the accounts but are not currently serving. (Continue on a separate sheet if necessary)
| Name | Date of resignation/departure dd/mm/yy |
|---|---|
| Colin Failes | 30/06/23 |
The names, job titles and remuneration & benefits paid to your senior management staff Robert Ashford. CEO, Salary £31,172pa
The methods adopted for the recruitment and appointment of new trustees (How are your trustees appointed?):
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
Objectives and activities
What are the formal purposes (objectives) of your charity, as set out in your governing document?
The objectives of the CIO are:
(1) The promotion of social inclusion amongst people in Nottinghamshire, Derbyshire and Leicestershire who are socially excluded from society or parts of society as a result of mental ill health, in particular, through the provision of a resource centre providing opportunities and facilities for recreation, social interaction, education, support and advice designed to assist the recovery and wellbeing of such people and to enable them to integrate into society.
(2) To promote for the benefit of the inhabitants of the Borough of Broxtowe and the surrounding area, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
What are your main activities? (the things you do in order to achieve the objectives) Summary of the main activities undertaken for the public benefit:
To provide a team of mental health support workers for individual support as required. Manage an effective community resource centre offering support for mental health in the community through a series of Mindset groups and other wellbeing groups organised by outside organisations, e.g. Nottingham College, the Dementia Memory Café, and Slimming World. Encourage volunteers to help in various managed tasks within the centre Offer a Community Café for our regular users and the local inhabitants.
How do these activities benefit the public?
The community café and garden are open to the public. A variety of leisure courses and activities take place at the centre using our facilities and Room hire is available for local meetings.
Please confirm that you have considered the charity Commission’s guidance on ‘public benefit’. Click here for a link to this guidance.
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity commission's general guidance on public benefit, 'Charities and Public Benefit'.
Summary of the main achievements during the period
What did you actually do? (You could add some statistics if you like, and give more detail of your activities):
The main achievements during 23-24 were to build up and increase the service offered at MSRC through a referral, self-referral and social drop in system and the addition of 1 further Mental Health Support Worker to the team. The additional role is a full time position (37.5 hours ) funded by the National Lottery. The support offered to people with lived mental health issues has developed and increased as the year progressed, through a mixture of 1-1 meetings, group activities and volunteering opportunities. In addition to this we have had other funding which has
enabled us to increase Café opening hours and employ two additional Kitchen Assistants. Also to improve accessibility in the Garden with a wheelchair friendly path to the pond, wheelchair friendly seating and a new summerhouse, in order to promote a safe community space.
The charity has been recognised with the King's Award for Voluntary Service, which has brought additional prestige to the charity, and is due to the fantastic work of all of our volunteers. Our thanks go to them and also to the individuals who nominated us.
Financial review
Please comment on your financial position at the end of the reporting period (You might for example, refer to the surplus or deficit you’ve made, or the movement in the fund balances. Are you happy? – the choice is yours. )
23-24 has seen a significant improvement in our finances, leading to an operating surplus of £63,000, which has allowed us to both restore and increase our reserves, whilst enhancing service provision.
What is your policy on reserves? (Your policy should include: why you need reserves, the target level, your current position, your plans to increase or use your reserves and how often you review this policy. If you do not need reserves you should explain the reason.)
We have increased our Reserve Fund to £100,000 as a result of successful funding bids. This would enable us to cover core costs in the event of financial difficulties. The reserves are held over two separate accounts to increase FSCS cover.
What financial risks do you face?
The main risk we face is if we lose the tenancy of the building, which we lease from Nottinghamshire County Council. If we lost the use of the premises, we would have to look for major funding to find new premises. Other risks include a slowing down of Room Hire and possible lack of availability of suitable funding streams, both of which could negatively affect our income.
If any of your funds are in deficit, what are you planning to do about it?
n/a
Detailed information if you hold funds for 3rd parties (other groups or individuals): names and their main objects, a description of the assets held, opening balances/ in/ out/ closing balances
n/a
Funds
If your accounts include any designated or restricted funds, the notes to the
accounts need to include a short explanation of the purpose and of each fund. For example:
Name of fund: “ The vehicle replacement fund ”
Purpose: “ To build up sufficient funds to replace vehicles on a 5 year schedule ”
For each fund you hold, please give the details:
Name of fund: "Management Salaries Fund - Beeston Consolidated Charity"
Purpose: "To support the salaries of CEO, Operations Manager, and Funding & Finance Coordinator roles" £30k p.a.
Name of fund: "Mental Health Support Worker Salaries Fund - Beeston Consolidated Charity" Purpose: "To support the salaries of Mental Health Support Worker roles" £15k p.a.
Name of fund: "Mental Health Support Worker Salaries Fund - National Lottery" Purpose: "To support the salaries of Mental Health Support Worker roles" £34k p.a.
Additional information
This is a chance to add any other information to your report.
For example: if you give grants, what is your policy? Do you want to say anything about your funders or supporters?
Thanks
We would like to acknowledge the continued support offered by Beeston Consolidated Charity, Nottinghamshire County Council, Broxtowe Borough Council, the National Lottery and all other funders and supporters who have helped us through the past few years.
Many thanks also to our many volunteers and staff who have kept the service running through a quite difficult period.
We would also like to thank our regular hire groups such as the Beeston Memory Café, Beeston Baptist Church and the Beeston Musical Theatre Group who continue to support us.
Charity registration number.. 1160885 Beeston Community Resource CIO Annual Report and Financial Statements for the Year Ended J l March 2024 Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
Beeston Community Resource CIO Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report Statement of Financial Activities 6t07 Balance Sheet Notes to the Financial Statements 9t0 18
Beeston Community Resource CIO Reference and Administrative Details Truslees Duncan Mitchell. Chair John Chambers Martin Brasier Chris Taylor Sylvia Stephens Nichola5 Austin Craig French Valerie Curry Robert Ashford, CEO Senior Management Team Charity Registration Number 1160885 Principal orrice Middle Street Resource Centre 74 Middle Street Beeston Nottinghamshire NG9 ?AR Independent Examiner John O'Brien, employee of Community Accounting Plus Units l & ? North West 41 Talbot Street Nottingham NGI 5GL Aeeountants Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
Beeston Community Resource CIO Trustees. Report The trustees present the annual report touether with the financial statements of the charity for the year ended 31 March 2024. Truslees and officers The trnstees and officers servlng during the year and since the year end were as folloivs: Trustees: Duncan Mitchell, Chair Colin Failes (resigned JO June 202)) John Chambers Martin Brasier Chris Taylor Sylvia Siephens Nichola5 Austin Craig French (appointed 29 September 202J) Valerie Curry Structure, governanee and management Nalure ofgoverning documen¢ The charity is operated under the rules of its CIO foundation constitution adopted l ) March 2015. Recruilmenl and appoinlmenl oflruslees In selecting individuals for appointment as charity trnstees, the charity trustees must have regard to the skills, knoM,ledge and experience needed for the effective administration of the CIO. Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. Objectives and activities Objects and aims (l) The promotion of social inclusion amongst people in Nottinghamshire, Derbyshire and Leicestershire who are socially excluded from society or parts of society as a result ol mental ill-health. in particular through the provision of a resource centre providing opportunities and facilities for recreation, social inieraction, education, siipport and advice designed to assist the recovery and wellbeing of such people and to enable them to integrate into society. (2) To promote for the benefii of the inhabithnts of the Borou(vh of Broxtowe and the surrounding area the provision of facilities for recreation or oiher leisure time occupation of individuals who have need of such facilities by reason of their youth, age. infinnity or disablement: financial hardship or social and economic circumstances or for the public at large in the interests of soclal welfare and with the object of improving the condition of life of the said inhabitants. Objeclives, 51ralegie5 and activilie5 To provide a team of mental health support workers for individual support as required. Manage an effective community resource cenire offering support for mental health in the community through a series of Mindset groups and other wellbeing groups organised by outside organisalions. e.g. Nottingham College & the Demeiitia Memory Café. Encourage volunteers lo help in various managed tasks within the centre Offer a CommLmity Cafe for our regular users and the local inhabilants.
Beeston Community Resource CIO Trustees, Report {continlled) Public benefit The community café and garden are open to the public. A variety. of leisure courses and activities take place at the centre using our facilities and Room hire is available for local meetings. The trustees confirm that they have complied M'ith the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance The main achievements during 23-24 were to build up and increase the Service offered at MSRC through a referral, self-referral and social drop in system and the addition of I further Mental Health Support Worker to the team. The additional role is a full time position ()7.5 hours ) funded by the National Lottery. The support offered to people with lived mental health issues has developed and increased as the year progressed, through a mixture of l- I meetings. group aciivities and volunieering opportunities. In addition to this we have had other funding which has enabled us to increase Cafe opening hours and employ two additional Kitchen Assistants. Also to improve accessibility in ihe Garden with a wheelchair friendly path to the pond. wheelchair friendly seating and a new summerhouse, in order to promote a safe community space. The charity has been recognised with the King's Award for Volunlary Service, which has brought additional prestige to the charity, and is due to the fanlaslic work of all of our volunteers. Our thanks go to them and also to the individuals Th'ho nominated us. Financial review 23-24 has seen a significant improvement in our fmances, leading to an operating surplus of £60,705 (202J'. deficit -£51,764), which has allowed us to both restore and increase our reserves. whilst enhancing service provision. Policy on reserves We have increased our Reserve Fund to £100.000 as a result of successful funding bids. This would enable us to cover core costs in the event of financial dilTiculties. The reserves are held over two separate accounts to increase FSCS cover. Major risks and managemenl oflhose risks Premises The main risk we face is if we lose the tenancy of the building. which we lease from Nottinghamshire County Council. If we lost the use of the premises, we would have to look for major funding to find new premises. Other risks include a slow ing of Room Hire and possible lack of availability of suitable funding streams, both of which could negatively affect our income. Thanks We would like to acknowledge the continued sUPPOrt offered by Beeston Consolidated Charity, Nottinghamshire County Council, Broxtow"e Borough Council. the National Lottery and all other funders and supporters who have helped us ihrough ihe past few years. Many thanks also to our many Voluntee and staff who have kept the service wnning through a quite difficult period. We would also like to thank our retsular hire groups such as the Beeston Memory Cafe, Beeston Baptist Church and the Beeston Musical Theatre Group who conlinue to support us.
Beeston Community Re50uree CIO Trusteesl Report (continued) Statetntnt of Trustees, RHponsibilitie5 The ttvstees are responsible for preparing the tru5tee5' report and the financi&l statements in accordance with th¢ United Kingdom Accounting Standards (United Kingdom Generally Accepted AGGouiiting Prdcti¢¢) and pplicable law and regulations. The law applicable to charities requires th¢ tStee5 to prepare financial 5tatemeT]ts for each financial ycar which give & true Rnd lair view ot the state ot- affairs of the charlty and of th¢ incoming resources alld application of resources of the charity for that period. In preparing thes¢ financial stat2ments, the tThstees ar¢ required to". 5¢1¢rt 5uitsble accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP. m&k¢ judgem¢nts )d estimates that are reasonable and prudent. state whether applicable aGGountin8 St&ndards have been followed, subject to any material departures disc105¢d and ¢xplain¢d in the tinancial stat¢ments- and prepare the fin&n¢ial statem¢nts on the going concern basis unless it is inappropriatc to Pttsume that the charity will continue iii bu5incss. The Itusl¢es are responsible for keeping proper accounting records that di5c105c with reasonablc accurary at 8ny lime the financial position of the charity and ¢nable them to ensure that the financial statemlts comply with the Charities Aa 2011. the CharlrF¢S (Account$ and Reports) Regulations ?008, Jnd the provisions of the con3litution. The trustees are a150 Tesponsiblc for safeguarding the assets of the chartty and hence for takins rcasonable steps for the prevention and det¢ction of fraud and other irregularitics. Thc trustees are responsible for the maintenance and integrity of the corpornte and financial infOrnll0n included on the charitable compBny's websito. Legislation governing ihe preparation and dissemination of r]nancial staternents rnay differ from le818181ion in other jurisdictions. The annual report wa5 approved by the triistees of the charity on 6 November 2024 and signed on ils behalf by,, Duncan Mitchell Trustee Page 4
Beeston Community Resource CIO Independent Examiner's Report to the trustees of Beeston Community Resource CIO Independent examiner's report to Ihe Irustees of Beeston Community Resource CIO I report to the trustees on Tny examination of the accounts ol Beeston Community Resource CIO {the Charity) for the year ended J l March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) olthe Act. Independenl examiner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confjrni that l am qualified to undertake the examination because l am a member and Fellow of the Association of Charity Independent Examiners. which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section l JO of the Act; or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other rnatte in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. J()hn O'Brign fvISc. FAIA, FCCA. FCIE, employee of Community Accounting Plus Fellow of the Ass(Kiation of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 1411112024 Type text here
Beeston Community Resource CIO Statement of Financial Aetivities for the Year Ended 31 March 2024 Total 2024 Total 2023 Unrestricted Restricted Nole Income and Endowment5 from: Donations and legacies Charitable activities Oiher trading activities Investment income 39,476 283,779 7,394 815 69,946 107,969 6,991 114,166 169,61) 815 Total Income 161,851 169,61J JJl,464 185,215 Expenditure on: Charitable activities (126.86J) (14J.896) {270,759) (236,979) Total Expenditure (1 ?6.86)) (14).896) {270,759) {236,979) Net incomel(expenditure) Gross transfers between funds 34,988 2.016 25,717 (2.016) 60,705 (51,7fv1) Net movement in funds 60,705 (51,764) Reconcilialion of funds Total funds brought fOard 88,689 4.358 93,047 144,811 Total funds Caled forward 16 125,693 28,Oi9 153,752 93,047 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 16. The notes on page5 9 to 18 form an integral part of these financial statements.
Beeston Community Resource CIO Statement of Financial Activities for the Year Ended 31 Mareh 2024 (continued) These are the figures for the previous accounting period and are ineluded for comparative purposes Total 2023 Unrestricted Restricted Note Income and Endoivments from: Donations and legacies Charitable activities Other trading activities Investment income 69.946 107,969 6.991 69,946 107,969 6,991 309 Total Income 185,?15 185,215 Expenditure on: Charitable activities (181,4)i) (55,546) {236,979) Total Expenditure (181.43J) (55,546) (236,979) Net movement in funds (55,546) (51,7fv1) Reconciliation of funds Total funds brought fon¥ard 84,907 59,904 144,811 Total funds carried forward 16 88.689 4,358 93,047 The notes on page5 9 to 18 form an integral part of these financial statements.
Beeston Community Resource CIO (Registrution number: 1160885) Balance Sheet as at 31 March 2024 2024 2023 Note Ftsed asstts Tangible assets 12 3,269 4,338 Current aysets Debtor5 Cash ai bank and in hand 13 l4 13,S88 140,937 6,364 85.311 154.825 91.675 Credltors: Amounts fAlllng due witbln one year (4.342 (2,966 Nel current aisel$ 150.48.3 88.709 Nt¢ a$$etg 153,752 93,047 Funds of the cb&rlty: Regtrlcted Income ndS Restricied funds 16 28,059 4,358 Ullrestricted income fundy Unrestrictcd funds J 25.693 88,689 TO1 funds 16 153,752 93,047 The fTnancial Stat¢ts on pages 6 to 18 were approved by the trustees, and authoriscd for issue on 6 November 1024 and signed on their behalf by: Chris Tayl Trustee The notes on pages 9 to 18 forni an integral part of these financial statements. Page
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Iland (FRS 102) and the Charities Act 2011. Basis of preparation Beeston Community Resource CIO meets the definition of a public benefit entitv under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy notes. Exemption from preparing a cash flow statement Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial slalements. Going concern The financial statements have been prepared on a going concern basis. The trnstees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Volunlary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income. it is probable that the income will be received and the amount can be measured M'ith sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perforniance conditions are attached to the grant and are yet to be meL the income is recognised as a liability and included on the balance sheet as deferred income to be released. Investment income Dividends are recognised once the dividend has been declared and notifjcation has been received of the dividend due.
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Expendilure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregaies similar costs to that calegory. Where costs cannot be directly attributed to particular headings they have been allocated on a basls conslslent with the use of resources, with central staff costs allocated on the basis of time spent. and deprecialion charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charilable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneflciaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classifled as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised a5 deferred income. Taxation The charity is considered to pa55 the tests set out in Paragrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purpose5. Accordingly, the charity is potentially exempt frotn taxation in respect ol income or capital gaiT]s received within categories covered by Chapter 3 Part I l of the Corporation Tax Act ?0 l O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exteni that such income or gains a applied elclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £500.00 or more are initially recorded at cost. less any subsequent accumulated depreciation and subsequent accumulated impaimlent losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as io write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: A55et class General equipment IT equipment Vehicles Depreciation method and rate 200/0 on a straight liTJe basis )).) /0 on a straight line basis 200/0 on a straight liTJe basis Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairnient. A provision for the impainnent of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Page 10
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insilfICant risk of change in value. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds: net of transaction costs, and the amount due on redemption being recognised as a charge to the over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowing5 are cla55ified a5 current liabilities unless the has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the tru5tees' discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specifjc purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all evnployee5 the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due lor service, the exce55 is recognised as a prepayment. 2 Income from donations and legacies Unrestricted funds General Totsl 2024 Total 2023 Donations and legacies; Donations from companies: trusts and similar proceeds Donations from individuals Grants, including capital grants- Government grants 23,761 12,915 23,761 12,915 45,000 22,911 2.800 2,800 2,035 39,476 69,946 Pagell
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 3 Income from charitable activities Unrestricted funds General Restricted funds Totsl 2024 Total 2023 Grants & donation5 Room & centre hire Cafe & catering income Fees, services & sales Sundry income 169,613 169,613 57,574 57,574 58,020 45,977 3,972 580 580 375 114,166 169,61) 28J,779 107,969 4 Income from other trading actii'itie5 Unrestricted funds General Tolal funds Total 2023 Fundraising income 7.394 7,394 6.991 7,394 6.991 5 Inveslment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income; Interest receivable on bank deposits 815 815 Page 12
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Grants and donations Unrestricted (unds Restrieted funds Tot21 funds Beeston Consolidated Charity The National Lottery Community Fund National Grid The Green Hall Foundation 47,520 108,481 9.487 3.000 1.125 47,520 108,481 9,487 Tesco 1,125 10,000 9,423 4,993 1,000 645 13,415 Edward Gostling Foundation Nottinghamshire County Council Mayor'5 Charity Anon)Thous donation Chilwell Ma50nic Benevolent Association Sundry donations 10,000 4,993 1,000 645 13,415 169,61) 209,089 7 Expenditure on charitable activities Unrestricted funds General Restricted funds Tolal 2024 Total 2023 Bank charges Catering costs Catering equipment Music studio costs Garden supplies & equipment General equipment & fumiture Licences Insurance Minibus costs Office costs Overheads & site manager Professional fees Staff expenses Stationery, printing & postage Training Volunteer expenses Wages, NI & pension Sundry payments Depreciation 819 17,698 819 17,698 754 18,187 1,576 6,401 309 1,911 1,000 ,911 ,027 356 2,192 27 245 2,052 2,082 2,660 4,192 2.192 i.457 20,379 59,991 2,309 912 569 2,031 1,592 3,592 4,770 672 912 569 48.862 116.OJ4 164,896 4,651 504 5,155 4,715 1 ?6.86 J 143,896 270,7)9 236,979 Page li
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 8 Iyet incomingloutgoing resources Net incoming(outgoing) resources for the year include: 2024 2023 Depreciation of fixed assets 5,155 4,715 9 Staff Costs The aggregate pa)ToII costs were a5 lollom's: 2024 2023 Slarrcosts during the year were: Wages and salaries Social security costs Pension costs 159,162 4,453 ,281 138,769 3,604 731 164,896 143,104 The monthly average number of persons (including senior management team) employed by the charity during the year was as follom's.. 2024 2023 Average weekly number of employees 12 5 (2023 - 2) of the above employee5 participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £1.28] (202J £731). No employee received emoluments of more than £60,000 during the year The total employee benefits of the key management personnel of the charity were £34,303 (202J - £32,789). 10 Independent examiner's fees During the period, the fees payable (excluding VAT) to the charity's independent examiner Community Accounting Plus are analysed as follom's: 2024 2023 Independent examination Other financial services 850 1,069 603 991 ,919 1,594 Page 14
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 11 Taxation The charity is a registered charity and is therefore exempt from tsxation. 12 Tangible fixed assets Furniture and equipment Computer equipment Motor vehicles Total Cost At l April 2023 Additions Disposals 2.727 4.086 (1.1)8) 2.647 21,808 4.086 (1.138) At J l March 2024 5,675 2,647 24,756 Depreciation At l April 2023 Charge for the year Eliminated on disposals 2,558 986 (1.138) 13,147 3.287 1,765 882 17,470 5,155 (1,138) At 31 March 2024 16,434 2,647 21,487 Net book value At J l March 2024 At J l March 2023 169 882 13 Debtors 2024 2023 Prepayments Other debtors 416 13,472 6,364 13,888 6,364 14 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 172 140,765 85,238 140,9J7 85,311 Page 15
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 15 Creditor5: amounts falling due within one year 2024 2023 Other loans Other taxation and social security Other creditors 1,873 2.162 2.180 1,093 4,342 2,966 16 Funds Balance at 31 March 2024 Balance at I April 2023 Incoming resources Resourees expended Transfers Unrestricted funds General General fund 88,689 161,851 (1 ?6,86J) 2,016 125,693 Restricted fund5 Memorial Garden Mindset Cost of Living (National Lottery) Supporting Mental Health Outdoor space (National Grid} Equipment fund Community Garden Volunteers Salary - Management & Mental health worker 168 4.190 ,125 (1.29)) (4.190) 74,481 (74,481 } (17,500) 16,500 9.487 2.520 (928) (504) 8,559 (2,016) 45,(K)O (45,000) Total restricted funds 169,613 (143.896) (2,016) 28,059 Total funds (270,759) 153,752 Page 16
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) The specific purposes for which the funds are to be applied are as follows: The Memorial garden Th'as a fund sel up to enhance and develop an area of the communlty gardei) to be a place of tranquillity and peace where people could remember lost ones. We have partitioned an area off with a wooden structure and planted new plants and bushes as well as enhancing the seating area. This was started with the funding from the Co-operative Community Fund last year and continued with further funding from Tesco this year. The Mindset fund received funding from the National Lottery Community Fund. Following on from the Covid period and lockdow'ns we have needed to "kickstart" the Mindset programme with support from staff members and outside facilitators to continue existing groups such as Talk and Support. Poetry and Guitar and set up new Creative Writing and photography groups. The main purpose of the fund was to help build the provision up again in a safe and positive way folloiving a traumatic period for most of our service users. This year The National Lottery Community Fund gave funding for a Cost of Living project, which covers the COSts of premises, staff time and volunteer costs. Also from The National Lottery Community Fund was fundiTJg for a Supporting Mental Health project, this funding helped towards the salary of the Mental Health Support Worker roles. The National Grid gave funding towards a project to help create an outdoor community space. Beeston Consolidated Charity kindly provided restricled funding which contributed to,ardS our management and Mental Health Support Worker salaries throughout the year, and paid for a replacement dishwasher for our kitchen during the financial year. The Community Garden Volunteers Project was funded by The Green Hall Foundation and will be spent during the 20?4125 financial year. This projecl will support the community garden volunteers to grow their gardening skills and appreciate the mental health benefits of working in the garden. This will help toTh'ards the cornrnunity garden activity.. including training, support staff costs and equipment. Last year there were also the following restricted fund-. The Moving on from Covid fund w'as funding received from Nottingham West PCN. PCN gave permission for it now contribute towards salaries. The transfer from the Equipment fund to the General fund represents the net book value of fjxed assets, the use of which is not subject to any restriction. Page17
Beeston Community Resource CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Balanee al I April 2022 Incoming resources Resources expended Balance at 31 March 2023 Unrestricted fund5 General General fund 84.907 185,215 (181.43J) 88,689 Restricted Moving on from COVID Memorial Garden Mindset 49.507 (49,507) (1,269) (4,770) 168 4,190 8.960 Total restricted funds 59,904 (55,546) 4,358 Total funds 144,811 185,215 (2J6.979} 17 Analysis of net assets between funds Unrestricted 2024 Total funds General Reslrieled Tangible flxed assets Current assets Current liabilities 126,766 (4.342) 28,059 154,825 (4,342) Total net assets 195.693 28,059 153,752 Unrestricted 2023 Total funds General Restricted Tangible fixed assets Current assets Current liabilities 4,338 91,675 (2,966) 87,317 (2,966) 4,358 Total net assets 88,689 4.358 93,047 18 Related party transaetions There were no related paty transactions in the year. 19 Trustees remuneration and expen5e5 No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page18
Beeston Community Resource CIO Independent Examiner's Report to the trustees of Beeston Community Resource CIO Independent examiner's report to Ihe trustees of Beeston Community Resource CIO I report to the trustees on my examination of the accounts ol Beeston Community Resource CIO {the Charity) for the year ended J l March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. Independenl examiner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confjrni that l am qualified to undertake the examination because l am a member and Fellow of the Association of Charity Independent Examiners. which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section l JO of the Act; or 2. the accounts do not accord with those records. or the accounts do not comply with the accounting requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other rnatte in connection with the examination to which attention should be drawn in this report in order to enable a proper undersLqnding of the accounts to be reached. J()hn O"Brign fvISc. FAIA, FLLA. FCIE, employee of Community Accounting Plus Fellow of the Ass(Kiation of Charity Independent Examine Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 1411112024 Type text here